• Monday, June 17, 2024
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BusinessDay

Dangote Refinery delays petrol production to mid July

Dangote Refinery, Africa’s largest oil refinery, has moved the date of production of premium motor spirit (PMS), popularly known as petrol, from June to the middle of July.

Aliko Dangote, the President and CEO of the refinery, confirmed the new production date to the press at the $20 billion facility in Lagos on Monday.

Read also: Dangote shamed Nigerian governments by completing 650,000bpd refinery’ – Akpabio

The CEO Dangote said that the change in date was due to a slight delay, prompting the shift from the originally proposed June to mid-July.

According to Dangote, the refinery will commence production of petrol between 10 and 15 of July, while supply to local marketers will commence from the third week of the same month.

“We had a bit of delay, but PMS will start coming out by 10 to 15 of July. But then we want to keep it in the tank to make sure that it settles. So by the third week of July, we’ll be able to come out to take it into the market,” Dangote said.

Read also: Dangote Refinery makes history with first jet fuel export to Europe

Meanwhile, the refinery has begun the supply of jet fuel and diesel to domestic marketers in the country, thereby reducing the prices of the products at the pump.

Also, BusinessDay reported that the $20 billion facility started exporting its first jet fuel cargo to Europe.

According to data from S&P Global Commodities at Sea, the first shipment, loaded onto the vessel “Doric Breeze,” left the Lekki Free Zone in Lagos on May 27th and is now on its way to Rotterdam, Netherlands.